L
Lore
A platform for personal growth, where individuals can dedicate time to their happiness and well-being, learn from others, and share experiences to navigate life's challenges together
About Lore
Lore operates as a healthcare technology company focused on promoting healthy lifestyles and combating issues like stress and loneliness. Founded in 2023 and previously known as Gather Health, the company is headquartered in San Diego, CA. Dr. Mark Briesacher, a general pediatrician with a background as a chief physician executive, is a co-founder and leads the clinical team.
The company's core offering is a social networking health platform that combines a supportive community with an AI-powered tool called LoreBot. This platform provides users with educational content and incentives to build and maintain healthy habits. LoreBot utilizes a unique "reverse prompting" feature, where it asks users questions and provides encouragement to foster self-reflection and behavior change. The technology is grounded in the principles of Solution Focused Brief Therapy (SFBT), which helps individuals identify their own strengths and capabilities to build resilience. The platform is designed to help people connect over shared challenges related to work, relationships, and health.
Lore's business model is centered on partnerships with health plans, health systems, and employers. Users can access the app without an upfront charge. The company generates revenue based on the healthcare savings achieved by its users. Early data from an initial user base of approximately 4,000 indicated a potential for over 10% reduction in healthcare costs within a year. The platform is particularly aimed at Medicare beneficiaries who have or are at risk for chronic diseases. The company has secured significant funding, including an $80 million round in May 2024 from investors like Polaris Partners, bringing its total funding to $100 million.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VCOther financing | May 2024 | $80M | $320M | Polaris Partners | ↗ |
Growth signals
Latest recorded traffic for Lore is 30K monthly website visits, up 172.7% over the last three months. Lore's team grew 8.5% over the past year.
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